BINANCE DECISION PUMPS MEMECOINS

Can Crypto Save Inflation + NVIDIA Pivots to Memecoins + Ethereum Next Steps

Author

Hype Train
November 11, 2024

Presented by Hype

Welcome to the HYPE TRAIN - a newsletter that breaks down what's happening in the crazy world of memecoins. We'll be breaking down the WTF moments, Best Trades, and much more, while trying to provide some humor to your day.

Disclaimer: Take none of this as financial advice & do your own research

Aaand here we go:

Pleasant day to be a degen! Welcome to today’s edition of Hype Train, where we will be covering our staples today:

  • TOP Memecoin Performances😇

  • NVIDIA PIVOTS TO MEMECOINS??😍

  • CAN CRYPTO SAVE INFLATION?!?!?! 😱

  • AND………………stories that will shake your head🙈

CRYPTO STAPLES🥇*As of 1:00 pm EST on November 11th

Coin

Price

Market Cap

%Change(24hr)

$BTC

$84,528

$1.7 Trillion

+4.6%

$ETH

$3,289

$396 Billion

+1.9%

$SOL

$219.01

$103 Billion

+2.1%

HYPE INDEX🐐

$WIF

$3.11

$3.1 Billion

+11.9%

$BONK

$0.00002691

$1.8 Billion

+0.2%

$POPCAT

$1.62

$1.5 Billion

+6.5%

$MOG

$0.000001955

$763 Million

-10.7%

$GIGA

$0.06308

$605 Million

-0.6%

$MICHI

$0.5131

$285 Million

+14.6%

$RETARDIO

$0.1987

$198 Million

-0.8%

$BILLY

$0.04567

$44.8 Million

+42.7%

NEW SCHOOL OF TRADING

$SIGMA

$0.139

$125 Million

-13.5%

$LOCKIN

$0.1005

$100 Million

+4.8%

$SKBDI

$0.6402

$47.9 Million

-6.7%

$AURA

$0.03543

$34 Million

+5.5%

$ROT

$0.007868

$7.8 Million

+5.4%

$RIZZ

$0.003263

$3.2 Million

-2.9%

$RZLR

$0.003098

$3 Million

-0.32%

$MEWING

$0.001276

$1.2 Million

-32.9%

BINANCE PUMPS TWO MEMECOINS🫡

$ACT

$0.4651

$445 Million

+2,252%

$PNUT

$0.3952

$397 Million

+328%

Binance has just listed two meme coins on Solana—Act I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT)—available now in ACT/USDT and PNUT/USDT pairs. Both come with Binance’s “Seed Tag,” signaling high volatility and risk. To trade them, you’ll need to pass Binance’s risk quiz every 90 days. This prestigious Binance listing prompted these two coins to skyrocket, as $PNUT has “rizz”en to a market cap of $397 Million, up 328% today, and $ACT has risen 2,252% to a market cap of $445 Million. This is pretty big, because Binance never lists any shitcoins on spot; ig they know more than we do though, must be some feds. perchance.


CAN CRYPTO SAVE INFLATION? 😱

In 2023, global inflation soared to 5.6%, straining purchasing power worldwide. While central banks counter inflation through interest rate adjustments, cryptocurrencies lack such controls, leaving their values exposed to market-driven volatility. Bitcoin, however, is often touted as an inflation hedge due to its fixed supply of 21 million coins.

Central banks like the Federal Reserve work to stabilize economies by managing money supply and interest rates. Bitcoin, in contrast, is decentralized and scarce, gaining fans who call it "digital gold" for its potential as an alternative to fiat currency. However, Bitcoin’s extreme volatility and limited mainstream use keep it largely in the realm of speculation rather than as a practical currency.

Meanwhile, Central Bank Digital Currencies (CBDCs) are gaining traction globally. G20 countries are exploring these stable, government-backed digital currencies as a reliable alternative to both cash and cryptocurrency. While CBDCs offer transparency and stability, they lack Bitcoin’s decentralized independence, leaving investors to weigh the trade-offs of risk, control, and privacy. The debate between fiat, Bitcoin, and CBDCs signals that crypto is here to shake things up and BRING THE BOOM.💥

ETH GETS DOGGED🗣

$ETH

$3,289

$396 Billion

+1.9%

Ethereum’s had an impressive week, jumping 29% to hit $3,200. Big names like Tron’s Founder Justin Sun are cashing in on the rally. During this peak Sun sold off 19,000 ETH for about $60.83 million at around $3,202 each. Sun’s total Ethereum holdings are estimated at $1.19 billion (roughly 392,474 ETH), so while this sale sounds big, it’s actually a small fraction of his stash. Still, moves like this from big players get attention.

Sun isn’t the only whale on the move. A quiet early Ethereum investor from the ICO days recently moved 1,555 ETH—worth around $5 million—to Coinbase. This investor initially paid just $1,951 for 6,292 ETH during the ICO, which is now valued at over $20 million. Meanwhile, another whale, holding about 398,891 ETH, sold 46,853 ETH for $138.8 million and later moved another 12,886 ETH to exchanges, adding $42 million. They still hold around 352,000 ETH, showing they haven’t lost faith in Ethereum yet. Why can’t people be this faithful to other things ya feel me.

NVIDIA PIVIOTS TO MEMECOINS?

$NVIDIA

$0.005332

$5.2 Million

+1,018%

Apparently, NVIDIA has a knockoff memecoin, but it’s doing well so who cares. According to its website, $NVIDIA is “The ultimate memecoin inspired by the groundbreaking innovations of NVIDIA! Built on Solana, Nvidia Coin merges the worlds of cutting-edge tech and vibrant blockchain culture”. I ain’t reading allat, just give me the numbers! Okay then, $NVIDIA is up 1,018% to a market cap of $5.2 Million. Not the only thing raised after this crypto supercycle (real) 😉.

MEME OF THE DAY

HOT NEW COINS (24 Hr)📈

$GATO

$0.002396

$2.2 Million

+2,055%

$MEMECOIN

$0.0009122

$914 Thousand

+1,024%

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That’s all for today’s edition, see you degens tomorrow!

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.